The work location for this role is 483 Bay Street in Toronto until approximately late 2026, when the work location will change to the new Mississauga office at 3 Robert Speck Parkway. Please note this is a contract role ending April 26, 2027. At Fidelity, we’ve been helping Canadian investors build better financial futures for over 35 years.

We offer individuals and institutions a range of trusted investment portfolios and services - and we’re constantly seeking to find new and better ways to help our clients. As a privately owned company, we boldly embrace innovation in all areas as we continue to grow our business into the future. Working with us means you’ll be part of a diverse and dedicated group of people who make a real difference for our clients and communities every day.

You’ll have a wide range of opportunities to grow and develop your career in an inclusive environment where you’ll feel valued and supported to be your best - both personally and professionally. Reporting to the Manager, Risk Management, the Risk Specialist, Sr conducts ongoing monitoring/oversight, provides regular detailed reporting on the status of risk programs, consult, and provides independent challenge on control effectiveness. This role provides analysis, monitoring, and challenge to identify areas for improvement and remediation by business units to support a sound operational environment.

Program

Monitoring, Oversight, and Reporting: Effectively maintain Risk Management Programs on a day-to-day basis to identify, monitor and assess risk. Programs include but are not limited to Model Risk Management, AI Risk, Change/Project Risk Management, End User Computing, and Ad-hoc Risk Assessment. Define, implement, and maintain the organizational Model risk framework to assess model risk and complexity and drive additional risk control activities.

Program policy, guidelines, and internal procedures documents are kept up to date and relevant. Issues encountered during real-time monitoring or through formal reviews are escalated appropriately and effectively to the Manager, Risk Management. Provide awareness and promote strong risk management practices and principles across the organization through effective communication and training to ensure risk management programs are understood.

Training and Risk Culture:



Provide awareness and promote strong risk management practices and principles across the organization through effective communication of Polices and Programs. Develop, maintain, and deliver effective training on risk Programs and Policies to FIC employees through a variety of mediums including online and face-to-face so that policies are understood, and that employees are equipped to recognize and elevate knowledge of material risk. Promotes awareness to ensure that business understand their roles and responsibilities Advocate for a strong risk culture and drive change.

Project

Risk, Policies and Procedures: Participate in complex or highly critical projects to ensure risks are appropriately identified, assessed, and challenged. Ensures all stakeholders are appropriately trained on the project risk framework and requirements, risk concepts including risk identification, assessment, and action planning. Verifies adherence to risk framework, ensures required risk control activities are completed and operating effectively Consistently advocates for robust risk management principles and builds trusted relationships with all stakeholders.

Actively participates in project meetings and supports, challenges, and identifies critical/material project implementation/delivery and BAU risks. Proactively questions and assesses project risks and provides effective challenge. Evaluates identified risks in collaboration with risk owners and proposed response plans.

Participates actively in post implementation lessons learnt and continuous improvement discussions. Ad-hoc Risk Assessments: As required, conduct ad-hoc risk assessments for high-risk processes and critical projects or business functions. Assess new and/or changes to operational processes including process mapping, risk and control documentation and evaluation and action planning.

Ensures material residual risks are identified, action plans are identified and are robust.



Completion of a University degree or equivalent work experience ~3+ years of relevant risk experience ~ Model Risk Management experience is an asset ~ Familiarity with standards and frameworks like ISO/IEC 42001, Artificial Intelligence - Management System (ISO 42001) and the NIST AI Risk Management Framework (RMF) is an asset ~ Machine Learning/ Technology /Agile Risk Management experience is a nice to have Capable of assimilating complex material, and to identify and discuss complicated concepts Good knowledge of risk management processes and procedures Knowledge of financial services products, processes, and industry is an asset Competitive Pay for Specialized Talent This contract role offers a flexible, hourly compensation model that reflects your expertise and the value you bring. The hourly rate ranges from $46.00 to $68.00, based on experience and qualifications.

Flexible working arrangements that vary based on role requirements Parental leave top-up to 100% of your salary for a period of 25 weeks Up to $650 for home office equipment Generous time off policy, including 2 paid days annually to volunteer at a charity of your choice Diversity and inclusion programs, including an active network of Employee Resource Groups Extensive professional development opportunities, including access to over 11,000 training and development courses, tuition reimbursement, and monetary rewards for completing a required designation We will consider all qualified applicants for employment regardless of race, color, religion, sex, sexual orientation, gender identity or expression, national or ethnic origin, age, disability, family status, protected veterans’ status, Aboriginal/Native American status or any other legally-protected ground.

Fidelity

Canada welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in the selection process. Canada's Top Employers for Young People Best Workplaces for Inclusion Best Workplaces for Today's Youth Best Workplaces for Women HRD - 5-Star Diversity & Inclusion Employer Designations TalentEgg National Recruitment Excellence Award - Special Award for Diversity & Inclusion in Recruiting To help our employees excel in their roles at Fidelity, we provide everyone here with the best training, resources and support possible throughout their careers.

With our help, there’s no limit to what you can accomplish here.

📌 Risk Specialist Sr, Model Risk (Contract until April 2027) (Toronto)
🏢 Fidelity International
📍 Toronto